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Your neighbor goes to the post office once a month and picks up two checks, one for $8,450 and one for $4,200. The larger check

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Your neighbor goes to the post office once a month and picks up two checks, one for $8,450 and one for $4,200. The larger check takes four days to clear after it is deposited; the smaller one takes three days. Assume 30 days in a month. a. b. c-1. c-2. What is the total float for the month? (Do not round intermediate calculations.) What is the average daily float? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What are the average daily receipts? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What is the weighted average delay? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Total float b. Average daily float c-1. Average daily receipts c-2. Weighted average delay $ $ $ 46,400 1,546.67 421.67 days

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